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Bor Seker AS (IST:BORSK) Quick Ratio : 1.76 (As of Sep. 2023)


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What is Bor Seker AS Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Bor Seker AS's quick ratio for the quarter that ended in Sep. 2023 was 1.76.

Bor Seker AS has a quick ratio of 1.76. It generally indicates good short-term financial strength.

The historical rank and industry rank for Bor Seker AS's Quick Ratio or its related term are showing as below:

IST:BORSK' s Quick Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.69   Max: 1.76
Current: 1.76

During the past 3 years, Bor Seker AS's highest Quick Ratio was 1.76. The lowest was 0.22. And the median was 0.69.

IST:BORSK's Quick Ratio is ranked better than
69.72% of 1919 companies
in the Consumer Packaged Goods industry
Industry Median: 1.05 vs IST:BORSK: 1.76

Bor Seker AS Quick Ratio Historical Data

The historical data trend for Bor Seker AS's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bor Seker AS Quick Ratio Chart

Bor Seker AS Annual Data
Trend Mar21 Mar22 Mar23
Quick Ratio
0.22 0.55 0.83

Bor Seker AS Quarterly Data
Mar21 Mar22 Sep22 Mar23 Sep23
Quick Ratio 0.22 0.55 - 0.83 1.76

Competitive Comparison of Bor Seker AS's Quick Ratio

For the Confectioners subindustry, Bor Seker AS's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bor Seker AS's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bor Seker AS's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Bor Seker AS's Quick Ratio falls into.



Bor Seker AS Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Bor Seker AS's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Quick Ratio (A: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1147.012-831.296)/382.559
=0.83

Bor Seker AS's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1565.503-398.993)/664.26
=1.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bor Seker AS  (IST:BORSK) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Bor Seker AS Quick Ratio Related Terms

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Bor Seker AS (IST:BORSK) Business Description

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Traded in Other Exchanges
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Address
Website
Bor Seker AS is a company whose main activities are producing and trading crystal, granulated and cube sugar, fresh pulp, which is a by product of the sugar industry, dry pulp, molasses, dry molasses pulp, limestone, electricity production and trade of seeds and fertilizers. The products produced by the company are as follows which are crystal sugar, cube sugar, molasses, beet pulp.

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